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Inside FHA/VA Lending

October 30, 2020

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GNMA Servicing Market Hit By Payoffs, Defaults in 3Q20

Many of the top Ginnie servicers saw declines in their portfolios during the third quarter. Freedom Mortgage stood out with a 13% gain from the prior period. (Includes four data charts.) Read More

HUD’s Carson Reassures on Rising FHA Delinquencies

The MMIF’s net worth is likely to have increased sharply in fiscal 2020. This year’s actuarial report will include stress test results. Read More

FHA Launches Automated Underwriting System

The AUS will allow lenders to submit loan application data from their loan origination systems directly to the FHA for insurance eligibility. Read More

Large Government Lender Caliber Home Delays IPO

Without much warning or explanation, top-ranked FHA/VA originator Caliber has scuttled its IPO, at least for now. Read More

Still There but Not in Use Very Much: Ginnie PTAP

If needed, the Ginnie PTAP liquidity program is there, but very few issuers are using it. A good sign? Read More

FHA Extends Timeframe for Initial Forbearance Request

The extension will allow borrowers who request relief at the end of the year to potentially stay in a forbearance plan until the end of 2021. Read More

Ginnie Mae Loans in Relief Increase Once Again

Many homeowners continue to struggle as the pace of the job market’s improvement has waned, the MBA warned. Read More

Guild Mortgage Agrees to Settle with DOJ for $24.9M

The settlement resolves charges that the company originated loans it knew were ineligible for FHA insurance. Read More

CFPB Continues Crackdown on False Ads to Veterans

In its ninth and largest action since July against false marketing practices targeting veterans, the bureau fined Low VA Rates $1.8 million. Read More

New BIA Requirement Pauses Lending on Tribal Trust Lands

The Bureau of Indian Affairs is requiring mortgage amounts to be redacted, creating a problem for government mortgage lending. Read More

NRMLA: Senior Housing Wealth Grew 1.8% in 2Q20

Homeowners 62 years and older saw their housing wealth increase to $7.70 trillion in the second quarter. Read More

Around the Industry

HUD awards $12.5 million in housing grants; VA lender NewDay expects a stellar year. Read More

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